The word is bonds

Investors relying on building societies and bank deposits will be understandably concerned by the fact that recent base-rate cuts mean even lower savings rates. So what is the best alternative for those seeking income? Many investors who turned to high-yielding shares as a source of income have suffered from companies such as BT cutting their dividends and the extreme volatility in equity markets. Bonds look like a safer choice. However, gilts, a once reliable source of income, now yield very little and are currently suffering outflows of institutional cash after the agreed aboli...